What is “American exceptionalism” in financial markets? And is it really dying? https://t.co/NrmXxV5A2i ...

Amundi Asset Management's Global Head of Macro: Long-term Optimism Toward China's Economy Remains Intact 【导读】东方汇理资产管理全球宏观研究主管：坚持长期看好中国经济的态度 中国基金报记者 吴娟娟 Juanjuan Wu， China Fund News Mahmood Pradhan, Head of Global Macro Research at Amundi, told China Fund News on June 27 , that his long-term optimism toward China's economy remains unchanged. He stated that China's economic transformation is a gradual process and that this transformation is currently underway. Pradhan believes that globalization is difficult ...

For more on the markets, tariffs, inflation, the Fed, and much more, let's bring in uh Jenny Johnson, president and CEO of Franklin Templeton, which really does have in this case one.5 trillion dollars in assets under management. I sold so much Franklin Fund uh when I was uh it was a it was a great product. Probably the income fund. It was No, it was the income fund.Yes. Great. Everybody loves it.It's like 8 75 years old. Remember what the sales charge was. It was probably well four I think it was six when ...

Financial Data and Key Metrics Changes - The company reported record attendance at its annual meeting, with 19,700 participants, up from 16,200 the previous year [2] - The company achieved record sales figures, with Candid at $317,000 compared to $283,000 the previous year [3] Business Line Data and Key Metrics Changes - Brooks reported sales of $310,000, marking an all-time record for the company [4] - Jazz Wear's sales doubled to around $250,000 compared to the previous year [4] Market Data and Key Metrics Changes - The company noted a significant increase in attendance and sales across all business lines, indicating strong market demand [5] Company Strategy and Development Direction - The management emphasized the importance of maintaining a diverse and capable board, with a focus on long-term relationships and investments, particularly in Japan [38][46] - The company is positioning itself for future opportunities, with a significant cash reserve of over $300 billion, representing about 27% of total assets, which is historically high [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the U.S. economy, despite current challenges, and highlighted the importance of adapting to changes while maintaining a long-term perspective [95][99] - The company is prepared for future investment opportunities, emphasizing that attractive deals will arise over time [60][61] Other Important Information - The company raised significant funds for charity through the sale of a commemorative book, showcasing its commitment to social responsibility [20][23] Q&A Session All Questions and Answers Question: Has your view on trade barriers changed? - Management discussed the historical context of trade barriers and emphasized the importance of balanced trade for global prosperity [26][30] Question: Do you think the Bank of Japan's rate hike will deter further investments in Japan? - Management expressed confidence in their Japanese investments and indicated a long-term commitment to holding these positions [36][38] Question: Is the high cash reserve a derisking strategy or for future capital allocation? - Management clarified that the cash reserve is not solely for Greg Abel's future flexibility but is a strategic position to capitalize on attractive investment opportunities as they arise [51][52] Question: With high interest rates, do you still believe in being greedy when others are fearful? - Management reiterated the advantages of investing in stocks over real estate due to the ease of transactions and opportunities in the stock market [64][66] Question: How will AI affect the insurance industry? - Management acknowledged AI as a game changer but emphasized a cautious approach to its integration into their operations [75][78] Question: How did the acquisition of Portillo's Hotdogs fit into the portfolio? - Management was not directly involved in the acquisition and noted that it was owned by a private equity firm, not Berkshire [80][92]